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Who sells cars? Figure 10.18 is a pie chart of the percentage of passenger car sales in 1997 by various manufacturers. The artist has tried to make the graph attractive by using the wheel of a car for the "pie." Is the graph still a correct display of the data? Explain your answer.
The Coma Chemical Company needs a large insulated stainless steel tank for the expansion of its plant.coma has located one at a Brewery that has just been closed.The brewery offers to sell the tank for $15000 including delivery. the Price is so lo..
What is produced, and in what quantities? How are these goods produced? For whom are they produced? Who makes the economic decisions?
If Hawaii Cable is unregulated and it gives householders a 50 percent discount for second and third connections, describe how its economic profit, consumer surplus, and deadweight loss would change.
a. Set up the constrained maximization problem, and derive the firsr-order conditons. b. Derive the demand for X and Y. c. Derive the price elasticites of demand. Do the demands obey the law of demand
The inverse market demand in a homogenous-product Cournot duopoly is P = 100 - 2(Q1 + Q2) and costs are C1(Q1) = 12Q1 and C2(Q2) = 20Q2. a. Determine the reaction function for each firm. b. Calculate each firm's equilibrium output.
Assuming the same interest rates, what isthe 8-month forward rate for one dollar in terms of won Is this an indirect or a directrate If the forward rate is an accurate predictor of exchange rates, in this case will thewon get stronger or weaker ag..
A consumer has income of $3,000.Wine cost $3 per glass, and cheese cost $6 per pound. Draw the consumers budget constraint. Draw the consumer's budget constraint. What is the slope fo this budget constraint
Suppose the demand for a firm's product is estimated to be P = 200 - 2Q from which it can be shown that TR = PQ = 200Q - 2Q2 . The cost of producing and selling the product is known to be TC = 625 + 50Q + 3Q2 .
How many pure strategy equilibria does the following game have?
The marginal cost function of all the small salons together is SMCF = 4 + .1Q, and the marginal cost function of the dominant or leading salon is MCL = 7 + .1Q. (c) If the large salon forms a centralized cartel. what would be the best level of out..
Amalgamated Popcorn, Inc. is a fairly small firm selling bags of flavored gourmet popcorn in a popular mall. As shop owner and operator, you have observed that your daily sales tend to follow a pattern that can be stated as: QP = 500 - 100PP + 1.2..
Norway has a long coast that borders on the north Atlantic, making it relatively more productive in fishing. Sweden has a greater endowment of capital, making it relatively more productive in automobiles.
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